News
VP Osinbajo, Others for NITDA’s eNigeria Expo & Confab

Professor Yemi Osinbajo, the vice president of the Federal republic of Nigeria, will today declare open this year’s eNigeria Expo and Conference 2016.
Osinbajo is also the Special Guest of Honour at the event which holds at International Conference Centre, Abuja from November 22nd – 24th 2016.
The conference which has been themed “Leveraging on IT Innovation for Economic Diversification” is in line with the Nigerian government’s policy thrust of diversifying the economy to cope with the rapidly dwindling revenues from the oil sector.
Nigeria’s ICT sector has experienced tremendous growth and it has been identified as a credible alternative to oil as a main source of income for the country.
The expo and conference which is in its ninth year is an annual information Technology (IT) summit organized by National Information Technology Development Agency (NITDA) aims to bring key players entrenched in innovation as well as foreign stakeholders together to share experiences, identify challenges and propose strategies for using ICT-enabled innovation and entrepreneurship to diversify the economy and create jobs.
Over the years, eNigeria has created a veritable platform for ICT awareness creation, developing the appropriate framework and setting goals for best practices to position Nigeria in the global information society.
Considering the significance and influence on the growth of ICT landscape that the event is characterized of, stakeholders have put their strong support behind the success of the event once again.
According to Dr. Isa Ali Ibrahim Pantami, director general of NITDA, “ eNigeria is the biggest ICT event by the Nigerian government and has become a platform to explore collaborations between government and private sector players.
Highlights of the summit include discussions on tech start-ups, cyber security, local content and e-government.
Others include NITDA-Nihilient eGovernance Awards, Selfie and Barbecue Night and Women in ICT Dinner and Recognition.
Mrs. Hadiza Umar, head, Corporate Affairs at NITDA, in a press release confirmed that the high calibre conference speakers in the ICT landscape like Leo Stan Ekeh, founder, Zinox Technologies , Austin Okere Founder, CWG, Olusola Teniola, President of the Association Telecoms Companies of Nigeria, ATCON;
Others are Mr. Yele Okeremi, CEO of Precise Financial Systems , Juliet Ehimuen Google Nigeria Country Manager , Dipo Faulkner, Country General Manager, IBM Nigeria, Michelle Messina, Eric Osiakwan, Managing Partner at Chanzo Capital, John Tani Obaro, MD/CEO of Systemspecs, James Agada, CEO, Computer Warehouse Group, Tope Aladenusi, Partner, Risk Advisory, Deloitte Nigeria Helen Anatogu, Programme Director and CEO at Ideahub and a host of other notable speakers have confirmed their attendance.
News
New Horizons Invests N50m to Empower Almajiris with Skills

New Horizons Nigeria has launched a N50 million initiative aimed at transforming 21 Almajiri children into skilled computer technicians within 90 days, to tackle youth unemployment and harness human potential.

The Almajiri-to-Tech programme, officially launched in Abuja on Monday, provides participants with full training, meals, clothing, tools, and logistics support, all fully funded.
Speaking at the launch, the Chief Executive Officer of New Horizons, Tim Akano, said the programme represents a new journey in the history of Nigeria by restoring the original purpose of the Almajiri system, which he described as “children sent out to seek knowledge.”
“The word Almajiri comes from an Arabic term meaning emigrant and seeker of knowledge. Historically, children were sent to learn morals, responsibility, and skills to add value to society,” Akano said.
He added that the disruption of this system during colonial times forced many children onto the streets, a challenge that persists today.
Akano highlighted the urgency of addressing the Almajiri issue, noting that there are an estimated 15 million Almajiris in the country, with a population growth rate of around three per cent annually.
“If we do not solve this problem as a country, we are sitting on a time bomb,” he warned.
According to him, the programme focuses on hands-on technical skills rather than theory. Trainees will learn to repair mobile phones, laptops, televisions, radios, standing fans, and other electronic devices, as well as build inverter batteries using recycled electronic waste.
“We are not teaching theory. We are teaching practical skills you can use to earn a living,” Akano said, stressing that the programme will not interfere with the participants’ Quranic education.
“We are still going to allow you, within the period of learning. Your learning computer here is not stopping your Quranic education.
“You still have time within our space here. Whenever you want to go and pray, you can pray, then come back to class,” the CEO stressed.
He added that participants will also receive daily meals, water, T-shirts identifying them as technicians-in-training, and access to all necessary tools and equipment throughout the 90-day programme.
Akano said the initiative is part of a larger mission by New Horizons Nigeria, which has spent the past 21 years training about 100,000 Nigerians annually in IT and related skills.
He said the new programme aims to “take human genius off the streets and convert it into human capital, enabling these youths to contribute meaningfully to the economy.”
He added that equipping Almajiris with skills could add 15 million people to Nigeria’s workforce and potentially increase the country’s GDP by as much as $20 billion, stressing that productivity depends on practical skills and opportunity.
“Everything that can be taught can be learned. If someone can memorize the Quran cover to cover, there is nothing that cannot be done. What they lack is information, opportunity, and infrastructure, and we are providing all of that,” Akano said.
Akano also stressed that the initiative is designed to inspire other organizations and government agencies to replicate similar programmes across the country.
“This is not just about 21 children; it is about showing Nigeria what is possible when resources meet intention and planning.
“If we succeed in empowering these Almajiris, we demonstrate that the country can turn social challenges into economic opportunities. It’s a blueprint for Nigeria’s future,” he said, noting that the initiative combines social reform, technical education, and economic empowerment.
Also speaking, one of the trainees, Fatima Umar, appreciated the organisers and promised to maximise the opportunity.
“We’ll make you proud of us. We have nothing to say here but to thank and appreciate you. May Almighty Allah continue to guide and protect you,” Umar said.
News
IMF Upgrades Nigeria’s 2026 Growth Projection to 4.4%

International Monetary Fund has upgraded Nigeria’s 2026 economic growth projection to 4.4 per cent, reflecting improved macroeconomic stability and sustained reforms.

IMF
The January 2026 World Economic Outlook Update forecasts Nigeria’s growth trajectory at 4.1 per cent in 2024, 4.2 per cent in 2025, and 4.4 per cent in 2026—a 0.2 percentage point increase from the October 2025 estimate.
This aligns with sub-Saharan Africa’s projected 4.6 per cent expansion in 2026 and 2027, driven by regional stabilisation efforts.
Globally, the IMF anticipates 3.3 per cent growth amid resilient conditions tempered by trade policy shifts and technology investments. For Nigeria, declining energy prices—expected to fall seven per cent due to weak demand—pose risks, though OPEC+ coordination and China’s stockpiling provide support.
Despite the optimism, downside risks persist from Middle East and Ukraine tensions, protectionism, high debt, and fiscal deficits. The Fund recommends rebuilding fiscal buffers, ensuring central bank independence, and limiting temporary fiscal measures to maintain stability.
Nigeria’s success hinges on consistent reforms and resilience against domestic and global shocks, the IMF concluded.
News
Nigeria’s Crude Output Falls to 1.486mbpd in November – OPEC

Organisation of Petroleum Exporting Countries (OPEC) reports that Nigeria’s crude oil production, excluding condensate, dropped by 0.7 per cent to 1.486 million barrels per day (mbpd) in November 2025 from 1.496 mbpd in October.

OPEC
The figure, drawn from secondary sources in OPEC’s December 2025 Monthly Oil Market Report, fell short of Nigeria’s 1.5 mbpd quota. Direct communication data showed output at 1.436 mbpd, up from October’s 1.401 mbpd, but still below target.
Nigeria produces around 196,028 bpd of condensate, excluded from quota calculations per Nigerian Upstream Petroleum Regulatory Commission figures. Year-on-year, November’s output marked a slight gain over 1.417 mbpd in November 2024.
Expert Cites Insecurity, Governance Gaps
Petroleum economics expert Wumi Iledare described the quota miss as unsurprising, blaming persistent insecurity, an ageing oil basin lacking new finds, and unoffered hydrocarbon blocks. Governance shortcomings and policy uncertainty further erode investor confidence, he noted.
Selective implementation of the Petroleum Industry Act worsens the situation, with Nigeria needing a single authoritative leader for the sector rather than multiple proxies, Mr Iledare stressed. The country has struggled to consistently hit OPEC targets for years.
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